Hyundai Motor Group

The Hyundai Motor Group (IPA: [ˈhjəːndɛ]; Korean: 현대자동차그룹 Hyeondae Jadongcha Geurup; Hanja: 現代自動車그룹 Hyeondae Jadong-cha Geurup; stylized as HYUNDAI) is a South Korean multinational conglomerate headquartered in Seoul, South Korea, and it is the largest car manufacturer in the country. According to the Organisation Internationale des Constructeurs d'Automobiles, it was the world's third-largest vehicle manufacturer by production volume in 2017, behind Japanese Toyota and German Volkswagen.[2]

This article is about the Hyundai Motor Group, a group of companies. For its subsidiary Hyundai Motor Company, see Hyundai Motor Company.
Hyundai Motor Group
Native name
현대자동차그룹
TypeChaebol
IndustryConglomerate
FoundedSeptember 2000 (September 2000)
HeadquartersSeoul, South Korea
Area served
Worldwide
Key people
Chung Mong-koo
(Honorary Chairman)
Chung Eui-sun
(Chairman & CEO)
ProductsAutomotive, Metals, Stock, Engineering, Steel, Mining, Construction, Finance
Revenue US$224.1billion (2018)
US$5.22 billion (2018)
Total assets US$313.5 billion (2018)
Number of employees
262,463 (2015)[1]
Subsidiaries
Websitewww.hyundaimotorgroup.com

The group was formed through the purchase of 51% of South Korea's second largest car company, Kia Motors, by Hyundai Motor Company in 1998. As of December 31, 2013, Hyundai owns 33.88%[3] of Kia Motors. The Hyundai Kia Automotive Group also refers to the group of affiliated companies interconnected by complex shareholding arrangements, with Hyundai Motor Company regarded as the de facto representative of the group. It is the second largest South Korean chaebol or conglomerate, after Samsung Group, related to other Hyundai-name industries following a specialized development split and restructuring which resulted in Hyundai Motor group, Hyundai Heavy Industries Group, Hyundai Development Company Group, Hyundai Department Store Group, and Hyundai Marine & Fire Insurance.

Following several years of rapid growth, the Group sold 8.01 million vehicles in 2015, falling short of its sales target.[4] In 2017 the Group sold 7.25 million vehicles, the lowest since 2012.[5]

Hyundai slogans
  • "Prepare to want one" (1998-2002)
  • "Always There for You" (2002-2006)
  • "Drive your Way" (2006-2010)
  • "Driving is believing"
  • “Think about it.” (2007-2010)
  • "New Thinking. New Possibilities." (2010–present)
  • "Better drives us" (2017-present)

Major affiliates
Hyundai Ioniq Hybrid and Plug-in Hybrid
Hyundai Ioniq Electric
Genesis G90
Genesis G80
Kia K9
Hyundai Sonata Hybrid
Kia Optima
Hyundai Elantra
Hyundai Veloster
Hyundai Genesis Coupe
Hyundai Tucson
Kia Pro Cee'd
Kia Sportage
Hyundai Santa Fe

Automobile

Steel

Auto parts

Construction

Other business and subsidiaries

Charging network

Railroad and defense vehicles

Machine tools and heavy industries

Advertising agencies
  • Innocean Worldwide

Technical development

Electrical holdings
  • Eco Energy

Logistics

Information technology

Economy and finance

Travel resort
  • Haevichi

Sports marketing

Hyundai Motor Company

Kia Motors

Other affiliate teams

See also

References
  1. "Hyundai Motor Group Financial Statements". Archived from the original on 2018-01-06. Retrieved 2015-05-04.
  2. "2016 World Motor Vehicle Production. OICA correspondents survey" (PDF). Retrieved 2018-06-05.
  3. "Hyundai Motor Company 2013 annual report" (PDF). Worldwide.hyundai.com. Retrieved 2014-11-02.
  4. "Hyundai and Kia miss 2015 sales targets". BBC. 4 Jan 2016. Retrieved 22 January 2018.
  5. "Hyundai, Kia 2017 global sales at 7.25 million vehicles, miss target". Reuters. 2 Jan 2018. Retrieved 22 January 2018.
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